What are the downsides to borrowing from family to fund your new venture?

Marketing
Tutor: None Selected Time limit: 1 Day

What are the downsides to borrowing from family to fund your new venture?

Oct 15th, 2015

Thank you for the opportunity to help you with your question!

Family members meddle with the venture affairs since they feel they are part of it.

Can lead to family squabbles especially when the amount has not been cleared.

Loans from family members are done informally and hence can complicate matters in future.


Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 15th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 15th, 2015
...
Oct 15th, 2015
Mar 26th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer